Fire or Other Casualty Loss. (a) In case of damage by fire or other casualty to the building in which the Leased Premises is located, if the damage is so extensive as to require substantial reconstruction of such building, this Lease shall cease at the Landlord's option and the rent shall be apportioned as of the time of damage. Substantial reconstruction shall mean damage so extensive that the cost of restoration shall be 50% of the entire cost of the demolition of the damaged building and the erection of a new building of the same size and design shall exceed 50% of the replacement cost of the building immediately prior to such damage.
Fire or Other Casualty Loss. (a) In the event all or any portion of the Leased Property is damaged or destroyed by fire or other casualty (herein collectively called "Casualty"), Lessee shall give immediate notice thereof to Lessor and the Noteholders and thereafter will promptly deliver to Lessor and the Noteholders all correspondence and documents provided by or delivered to Lessee in connection therewith. Lessee will promptly and diligently prosecute the adjustments of all claims with respect to a Casualty provided that (i) no adjustment or settlement in excess of $100,000 in connection with any Casualty may be made by Lessee without the prior written approval of Lessor and (ii) Lessor may, at any time any Event of Default has occurred and is continuing, adjust and settle the Casualty after notice to Lessee.
Fire or Other Casualty Loss. If all or any part of the Wellness Center is damaged or destroyed by fire or other casualty, District shall repair and rebuild the structure with reasonable diligence. All insurance proceeds received by the District pursuant to the provisions of this Agreement shall be payable to District and shall be held in trust and applied by District to the payment of such restoration, as such restoration progresses.
Fire or Other Casualty Loss. In case of damage by fire or other casualty to the building in which the leased premises is located, if the damage is so extensive as to amount practically to the total destruction of the leased premises or of such building, this Lease shall cease. In all other cases where the leased premises is damaged by fire or other casualty without the fault of Tenant, Landlord shall repair the damage with reasonable dispatch, and if the damage has rendered the leased premises untenantable, in whole or in part, there shall be an apportionment of the rent until the damage has been repaired. In determining what constitutes reasonable dispatch, consideration shall be given in delays caused by strikes, adjustment of insurance, and other causes beyond Landlord's control.
Fire or Other Casualty Loss. If all or any part of the Project Facilities is damaged or destroyed by fire or other casualty, CITY shall repair and rebuild the structure with reasonable diligence. All insurance proceeds received by CITY pursuant to the provisions of this Agreement, shall be applied by CITY to the payment of such restoration, as such restoration progresses; provided, however, in the event the Project Facilities are abandoned or sold as a result of fire or other casualty, the insurance proceeds received by the parties shall be used (1) first, to pay any outstanding indebtedness on the Project Facilities by CITY and DISTRICT based upon the City Percentage Share and the District Percentage Share, and (2) second, for any lawful purpose.
Fire or Other Casualty Loss. In the event of damage to or destruction at the Licensed Area by fire or other casualty which is not so extensive as to prevent restoration within ninety (90) days, Licensor, at its sole cost and expense, shall commence restoration of the Licensed Area within thirty (30) days after Licensee provides notice in writing to Lessor of such casualty. Unless otherwise agreed to in writing between the Parties, the restoration shall proceed diligently and be completed no more than ninety (90) days after the date the work began, and Licensor shall restore the Licensed Area to as good a condition as they were immediately prior to such casualty. If the Licensee reasonably determines that the damage has rendered the Licensed Area untenantable and unusable, in whole or in part, there shall be a just and proportionate part of the License Fee abated until the Licensed Area has been fully repaired and restored. If the Licensed Area is damaged so extensively that it cannot, in the Licensee's reasonable opinion, be restored within ninety (90) days after commencement of such repairs, Licensee may, at its option, by written notice to Licensor, terminate this Agreement prospectively effective as of the date of the casualty to the Licensed Area.
Fire or Other Casualty Loss. In case of damage by fire or other casualty to the building in which the leased premises is located, if the damage is so extensive as to amount practically to the total destruction of the leased premises or of such building, this Lease shall cease, and the rent shall be apportioned to the time of the damage. In all other cases where the leased premises is damaged by fire or other casualty without the fault of Tenant, Landlord shall repair the damage with reasonable dispatch, and if the damage has rendered the leased premises untenantable, in whole or in part, there shall be an apportionment of the rent until the damage has been repaired. In determining what constitutes reasonable dispatch, consideration shall be given in delays caused by strikes, adjustment of insurance, and other causes beyond Landlord's control.
Fire or Other Casualty Loss. If the leased property should become partially damaged by fire or other casualty during the base term of this Lease or any renewal thereof, Lessor shall repair the same at his own expense with reasonable dispatch, and if as a result thereof the premises hereby leased shall be partially unsuitable or unfit for Lessee's purpose or use, then and in such event, the rent herein reserved shall be reduced in proportion to the space not usable until such premises have been repaired and restored.
Fire or Other Casualty Loss. 11.01. In the event of damage to or destruction of the leased property by fire or other casualty, the Landlord shall promptly restore the leased property, except as set forth in paragraph 11.02. Landlord shall only be required to use insurance proceeds received pursuant to the provisions of this lease. Landlord shall not be required to restore until such time as it receives the insurance proceeds. , If the Landlord chooses not to proceed until receipt of the insurance proceeds, and the insurance proceeds are not received within 45 days of the date of the fire or casualty loss, then and in that event the Tenant shall have the right to terminate the lease upon fourteen (14) days written notice to the Landlord and unless the Landlord agrees to immediately undertake the rebuilding of the premises within the fourteen (14) day period, then and in that event the lease shall terminate. 11.02. If at any time within two (2) years prior to the end of the lease term, the leased property is completely destroyed or so damaged by fire or other casualty covered by insurance as to render it substantially unfit for use as intended, the Landlord or the Tenant may terminate this lease on notice of at least ten (10) days and no more than thirty (30) days. Such notice shall be given within sixty (60) days after the date of such damage or destruction. 11.03. Any disbursement of insurance proceeds by a holder of a mortgage shall be deemed to have been made by the Landlord. If any holder of a mortgage shall refuse to disburse any portion of insurance proceeds to which the Tenant is entitled, for any mortgage presently on
Fire or Other Casualty Loss. In case of damage by fire or other casualty to the Premises, without fault or negligence of the Tenant, if the damage is so extensive as to amount practically to the total destruction of the Premises, this lease shall terminate, and the rent shall be apportioned to the time of the damage. In all other cases where the Premises is damaged by fire or other casualty without the fault or negligence of the Tenant, the Landlord shall repair the damage with reasonable dispatch, and if the damage has rendered the Premises untenantable, in whole or in part, there shall be an apportionment of the rent until the damage has been repaired.
